Allianz Global to lead funding in Sadbhav Infrastructure

Sadbhav Infrastructure Projects Limited will raise Rs 7 billion ($96 million) through non-convertible debentures (NCDs). The investor consortium will be led by Allianz Global Investors and joined by AMP Capital. The NCDs will have a tenor of more than four years. The capital raise will come as a part of a larger funding exercise to help the company repay debt and fund the ongoing hybrid annuity road assets.

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